Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim Buys 11,200 Shares

Whitecap Resources Inc. (TSE:WCP) Director Grant Bradley Fagerheim purchased 11,200 shares of the firm’s stock in a transaction on Thursday, March 27th. The shares were acquired at an average price of C$9.39 per share, for a total transaction of C$105,168.00.

Grant Bradley Fagerheim also recently made the following trade(s):

• On Monday, March 24th, Grant Bradley Fagerheim acquired 10,000 shares of Whitecap Resources stock. The shares were acquired at an average cost of C$9.38 per share, with a total value of C$93,800.00.
• On Wednesday, March 12th, Grant Bradley Fagerheim bought 30,000 shares of Whitecap Resources stock. The stock was acquired at an average cost of C$8.42 per share, for a total transaction of C$252,600.00.

Whitecap Resources Price Performance

Whitecap Resources stock opened at C$9.31 on Friday. The business’s fifty day moving average is C$9.53 and its two-hundred day moving average is C$10.02. The company has a debt-to-equity ratio of 21.58, a quick ratio of 0.67 and a current ratio of 0.88. The firm has a market cap of C$5.44 billion, a P/E ratio of 6.28, a P/E/G ratio of -0.33 and a beta of 2.67. Whitecap Resources Inc. has a 52 week low of C$7.88 and a 52 week high of C$11.31.

Whitecap Resources Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 17th were given a dividend of $0.0608 per share. The ex-dividend date was Friday, February 28th. This represents a $0.73 annualized dividend and a yield of 7.84%. Whitecap Resources’s dividend payout ratio (DPR) is 49.25%.

Analysts Set New Price Targets

A number of research firms have weighed in on WCP. Desjardins set a C$12.00 price objective on Whitecap Resources and gave the company a “buy” rating in a report on Wednesday, March 19th. National Bankshares lowered their price target on Whitecap Resources from C$15.00 to C$14.50 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Finally, Raymond James upgraded Whitecap Resources from a “market perform” rating to an “outperform” rating and set a C$13.00 price objective for the company in a research note on Tuesday, March 11th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Whitecap Resources currently has an average rating of “Buy” and a consensus target price of C$13.52.

About Whitecap Resources

Whitecap Resources Inc, an oil and gas company, focuses on the acquisition, development, and production of oil and gas assets in Western Canada. The company's primary areas of focus of its development programs are in Northern Alberta and British Columbia, Central Alberta, and Saskatchewan. The company was founded in 2009 and is headquartered in Calgary, Canada.